by Big Wave Trader | Mar 25, 2015
Volume was higher on the NYSE giving the S&P 500 a day of distribution, but it was below average. Selling hit the market just after noon eastern and continued throughout the afternoon until the close. NASDAQ experienced higher volume than yesterday giving it a...
by Big Wave Trader | Mar 24, 2015
Coming off Friday’s big day the markets took a day off from pushing higher. Biotech stocks took a big hit as there were plenty of negative stories over the weekend. Volume was certainly lower after Friday’s quadruple witching, but it was also below its 50 day...
by Big Wave Trader | Mar 21, 2015 |
The Big Wave Trading models are currently under an operational BUY signal across the board without any negatives weighing against the models. There is a possibility, however, that prices will have a tough time moving higher from the levels that we are currently at in...
by Big Wave Trader | Mar 20, 2015
As March Madness begins the market had a solid quiet inside consolidation day. Biotech stocks were once again the talk of the town as many stocks were jumping higher. Once again small cap stocks were the winners today with the NASDAQ Composite just behind. The Dow...
by Big Wave Trader | Mar 18, 2015
All eyes were on the Federal Reserve statement today as many were looking for the word “patient” to be removed. Ahead of the statement the market sold off and as the statement neared sellers took control. Traders were certainly fearful of what the Federal Reserve...
by Big Wave Trader | Mar 17, 2015
Mixed housing data before the opening was completely ignored. What dominated commentary was whether or not the Federal Reserve would remove the word “patient” be removed. Housing starts plummeted 17% month-over-month. Building permits were up, but housing starts...
